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Financials and Investment News in Egypt

Egypt Gvt Sill Finalising IMF-Mandated Economic Reform
9/24/2012 - The Egyptian government has yet to finalise the economic reform programme upon which a promised $4.8 billion loan facility from the International Monetary Fund (IMF) is contingent, Deputy Finance Mini...
Egypt Stocks Surge Further into Green Mid-Tuesday
9/25/2012 - Egyptian stocks are staging a strong revival after several days in the doldrums, fuelled by a spending spree from local and international institutions. The benchmark EGX30 is trading up 2.04 per cent ...
Egypt-Kuwait Sign Two Agreements of $ 60 mn
9/26/2012 - Prime Minister Hisham Qandil witnessed on 25/9/2012 the signing of two agreements worth US $ 60 million with Kuwait Fund for Arab Economic Development that will help in the expansion of the country's ...
Egypt, Jordan Discuss Cooperation in Labor Fields
9/26/2012 - Manpower and Immigration Minister Khalid al-Azhary and his Jordanian counterpart Atef Odhaibat discussed on 25/9/2012 ways of boosting cooperation between Egypt and Jordan in labor and training fields...
Tariq Wafiq discusses projects with Turkish investors
9/26/2012 - Housing, Utilities and Urban Communities Minister Tariq Wafiq had talks on 25/9/2012 with officials representing the Turkish Industry and Business Association on a project to develop Suez Canal zone. ...
Hisham Kandel Received Mr. sofian
9/26/2012 - Prime minister Dr Hisham Kandel received Mr. sofian Bin Tunis executive president for international general electric company (North Africa), minister of industry and foreign trade participated in this...
Egypt's Largest Dairy Producer to Boost Capacity by Third
9/27/2012 - Egypt's largest dairy producer, Dina Farms, was able to secure LE92 million ($15.3 million) in funding to expand its milk production capacity by a third by 2013, Private equity firm, Citadel Capital (...
4,000 Plants to Create 200,000 Jobs
9/28/2012 - Prime Minister Hisham Qandil met on 27/09/2012 with several Cabinet ministers as well as the Secretary General of Social Fund for Development at which they discussed means of facing the unemployment p...
Egyptian Delegation to Visit Nile Basin States
9/29/2012 - Within the framework of Egyptian efforts to enhance links of cooperation with the Nile Basin States, an Egyptian delegation representing non governmental organizations (NGOs) will head for Ethiopia, U...
Egypt's Dina Farms Secures $15.3m Loan to Boost Capacity
9/29/2012 - Egypt's private equity firm, Citadel Capital (CCAP) has said the country's largest dairy producer, Dina Farms, has secured EGP92m ($15.3m) in funding to expand its milk production capacity by a third ...
Momtaz al-Saeed, Dutch Ambassador Discusses Economic Growth
9/30/2012 - Finance Minister Momtaz al-Saeed met on 29/9/2012 with Dutch Ambassador in Cairo Gerard Steeghs to discuss Egypt's economic growth and the government's policies to overcome economic problems. Momtaz b...
Suez Canal Revenues reached $19.5m
10/1/2012 - The Suez Canal revenues reached $ 19.5 million on 30/9/2012 as a result of crossing the highest rate of loads which was 3.4 million tons. As many as 54 ships passed through the canal, said Mohab Mimis...
Hatem Saleh: Egypt to Export Rice
10/1/2012 - Industry and Foreign Trade Minister Hatem Saleh decided to export the Egyptian white rice as of 1/10/2012and to impose exporting fees worth EGP 1,000 per ton. The minister pointed out that the decisio...
Additional Indian Investments worth $200m in Port Said
10/1/2012 - Minister of Investment Osama Saleh has said that India's "Sanmar" Chemicals' company is planning to pump additional investments worth US$200 million to expand its projects in Port Said. Following a me...
New Incentives to Private sector to set up Power Plants
10/1/2012 - Electricity Minister Mahmoud Balbaa said new facilities will be offered to the private sector to encourage them to set up power plants to meet the country's growing needs of electricity. Among these f...
Egypt Shares Rebound 0.7 Percent
10/3/2012 - Egypt’s stocks rebounded, Wednesday, buoyed by positive news from the Central Bank of Egypt and the US government that the economy is recovering, just one week after dropping for three consecutive ses...
Bilateral Cooperation between South countries
10/4/2012 - President Mohamed Morsi said on 2/10/2012 that Arab-Latin relations could be a model for cooperation between all South countries to enforce the optimal policies in various domains. This came in a keyn...
Egypt Tycoon Ezz Gets 7 Years, Fined $3.2bn for Graft
10/4/2012 - Egyptian steel magnate Ahmed Ezz has been sentenced to seven years in prison and fined LE19.3 billion ($3.1bn) after being found guilty of corruption by a Cairo court. The Ezz Steel owner was sentence...
Egypt, Sudan Sign Program for Environment Protection
10/5/2012 - State Minister for Environmental Affairs Moustafa Hussein Kamel and Sudanese Minister of Environment Hassan Abdel-Gadir Hilal signed the fourth executive program for protecting the environment for 201...
No Pre-conditions for Upcoming Egypt Loan Talks
10/6/2012 - No preconditions will be imposed on Egypt by the International Monetary Fund (IMF) which intends to resume talks in October with the Egyptian government over the $4.8 billion loan, confirmed IMF chief...

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